A sum amount
to rupees 34476 in two and a half years at 4% CI. the sum is ​

Given:

Amount = Rs. 34476

Rate of compound interest = 4%

Time = years

To find:

The principal value.

Solution:

Formula for amount is

Where, P is principal value, r is rate of interest and t is time in years.

Putting the given values, we  get

Now,

Therefore, the value of sum or principal value is Rs.31256.

answer: 40.95

step-by-step explanation:

practice. practice. practice.